This paper presents evidence that real wage cyclicality can be a particularly heterogeneous parameter, depending on …

occasionally renegotiated. We argue that one source of the wage flexibility puzzles is plausibly the model for the determination of … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

model that is able to replicate these facts and thereby allows us to run counterfactual exercises. When we set the wage …

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched … employer-employee data set covering the period 1995-2002. Findings show the existence of large and persistent wage … hypothesis that workers with better unmeasured abilities are over-represented in high-wage sectors may not be rejected on the …

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched … employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials … differentials are persistent and no particular downward or upward trend is observed. However, the dispersion of inter-industry wage …

Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity … within an intertemporal framework in which DNWR not only prevents nominal wage cuts but also induces firms to compress wage … increases. We analyze whether a compression of wage increases occurs when DNWR is binding by applying Unconditional Quantile …

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" – newly hired workers cannot …

Nominal wage stickiness is an important component of recent medium-scale structural macroeconomic models, but to date … there has been little microeconomic evidence supporting the assumption of sluggish nominal wage adjustment. We present … evidence on the frequency of nominal wage adjustment using data from the Survey of Income and Program Participation (SIPP) for …

Many economists suspect that downward nominal wage rigidities in ongoing labor contracts are an important source of … compares three occupations in the housing sector with very different wage setting institutions, real estate agents, architects …, and construction workers. I study the wage and employment responses of these occupations to the housing cycle, a proxy for …